Imagine financing a home purchase with a no-interest mortgage. You’d probably never want to move again.
Granted, it’s doubtful you’ll ever have that luxury.
But if rates continue to drop, as some in the mortgage industry suggest they may — especially after the Federal Reserve’s recent statement that it was prepared for more extraordinary measures to pump up the economy — mortgage rates could inch in the direction of 0%. Continued concerns of deflation may also put pressure on mortgage rates.
“So long as the Fed allows the word ‘deflation’ to get bandied …
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